Bids are currently being accepted on more than $400 million in non-performing government-sponsored enterprise home loans.
The offering
includes four pools of Freddie Mac single-family mortgages that have an aggregate unpaid principal balance of $420 million.
The seasoned loans are being auctioned on a whole-loan basis. All of the loans are currently being serviced by Shellpoint Mortgage Servicing.
The Federal Home Loan Mortgage Corp. is selling the
loans from its investment portfolio, which stood at $254 billion as of year-end 2017.
McLean, Virginia-based Freddie is working with advisors
J.P. Morgan Securities LLC and The Williams Capital Group LP on the marketing of the transaction.
Bids are due from qualified bidders on March 13 for three of the pools and March 27 for one pool.